Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-

23 and Revised Projections & Tariff for FY 2023-24 to FY 2024-25 for MSEDCL

2021, Consumer shall pay Security Deposit and will be entitle for interest on such Security
Deposit.

Definitions

Maximum Demand

Maximum Demand in kilo-Watts or kilo-Volt Amperes, in relation to any period shall, unless
otherwise provided in any general or specific Order of the Commission, mean twice (or four
times for fifteen minute time block) the highest number of kilo-watt-hours or kilo-Volt Ampere
hours supplied and taken during any consecutive thirty minute blocks (or fifteen minute time
block) in that period, as the case may be.

Contract Demand

Contract Demand means the demand in kilo-Watt (kW) or kilo–Volt Amperes (kVA), mutually
agreed between the Distribution Licensee and the consumer as entered into in the agreement or
agreed through other written communication. (For conversion of kW into kVA, the Power
Factor of 0.80 shall be applied.)

Sanctioned Load

Sanctioned Load means the load in kW mutually agreed between the Distribution Licensee and
the consumer.

In case the meter is installed on the LV/MV side, the methodology to be followed for billing
purpose is as follows

2% to be added to MV demand reading, to determine the kW or kVA billing demand, and

‘X’ units to the MVA reading to determine the total energy compensation to compensate the
transformation losses, where is calculated as follows
‘X’ = (730 * kVA rating of transformer)/500 Units/month, to compensate for the iron losses,
plus one percent of units registered on the LT side for copper losses.

Billing Demand - LT tariff categories

Billing Demand for LT Non-Residential / Commercial [LT: II (B) , LT II (C)] , LT III: Public
Water Works [LT: III (B) , LT III (C)], LT V (A) (ii): Industry - Power Looms (above 20 kW)
, LT V (B) (ii): Industry - General (above 20 kW), LT VII (A) Public Services - Government
Owned Educational Institutes and Hospitals [LT VII (A) (ii) and LT VII (A) (iii)] , LT VII (B)
Public Services - Others [LT VII (B) (ii) and LT VII (B) (iii)] andLT VIII – Electric Vehicle
Charging Station categories having MD based Tariff:-

Monthly Billing Demand will be the higher of the following:

a) 65% of the actual Maximum Demand recorded in the month during 0600 hours to
2200 hours;
b) 40% of the Contract Demand.

MERC Order - Case No. 226 of 2022 Page 639 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-
23 and Revised Projections & Tariff for FY 2023-24 to FY 2024-25 for MSEDCL

Note:

- Only the Demand registered during the period 0600 to 2200 Hrs. will be considered
for determination of the Billing Demand.

- In case of a change in Contract Demand, the above period will be reckoned from the
month following the month in which the change in Contract Demand is effected.

Billing Demand - HT tariff categories

Billing Demand for HT I: Industry, HT II: Commercial, HT III Railway/Metro/Monorail, HT

IV: Public Water Works, HT V: Agriculture, HT VI: Group Housing Society (Residential),
HT VIII: Public Services and HT IX: HT – Electric Vehicle Charging Station

Monthly Billing Demand will be the higher of the following:

a. Actual Maximum Demand recorded in the month during 0600 hours to 2200 hours;
b. 75% of the highest Billing Demand recorded during the preceding eleven months,
subject to the limit of Contract Demand;
c. 70% of the Contract Demand.*
*For FY 2024-25: 75%

Note:

- Only the Demand registered during the period 0600 to 2200 Hrs. will be considered
for determination of the Billing Demand.

- In case of a change in Contract Demand, the above period will be reckoned from the
month following the month in which the change of Contract Demand is effected.

HT Seasonal Category (HT I)

During Declared Season, Monthly Billing Demand will be the higher of the following:
i. Actual Maximum Demand recorded in the month during 0600 hours to 2200 hours
ii. 75% of the Contract Demand
iii. 50 kVA.

During Declared Off-season, Monthly Billing Demand will be the following:

i. Actual Maximum Demand recorded in the month during 0600 hours to 2200 hours
The Billing Demand for the consumers with CPP will be governed as per the CPP Order in
Case No. 55 and 56 of 2003.

MERC Order - Case No. 226 of 2022 Page 640 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL.

ANNEXURE – II :- REVENUE
Revenue from revised Tariffs effective from 1 April, 2023

Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue
Charges (Rs./unit)* (Rs/ Unit)$ Charge (Rs/kWh)

HT Category
HT I(A): HT - Industry (General) 14,580 Rs/kVA/mth 499 8.12 0.60 40,337 92,20,659 5,521 32,736 1,653 (827.71) 39,083 9.69
HT I(C): HT - Industry (Seasonal) 601 Rs/kVA/mth 499 8.43 0.60 189 75,059 45 160 11 (2.32) 213 11.27
HT I - Industry (Sub-Total) 15,181 40,527 92,95,718 5,566 32,896 1,664 (830.03) 39,297 9.70
HT II: HT - Commercial 3,180 Rs/kVA/mth 499 12.83 0.60 2,066 5,75,010 344 2,650 120 (8.10) 3,106 15.03
HT III: HT - Railways/Metro/Monorail
111 Rs/kVA/mth 499 7.53 0.60 126 35,375 21 95 6 - 122 9.65
Traction
HT IV: HT - Public Water Works (PWW) 1,042 Rs/kVA/mth 499 7.53 0.60 1,957 3,31,772 199 1,474 110 (37.48) 1,745 8.91
HT V(A): HT - Agriculture Pumpsets 957 Rs/kVA/mth 88 5.26 0.60 901 4,00,887 42 474 21 - 537 5.96
HT V(B)): HT - Agriculture Others 459 Rs/kVA/mth 88 7.27 0.60 289 83,456 9 210 17 - 236 8.17
HT VI: HT - Group Housing Societies
252 Rs/kVA/mth 398 6.95 0.60 240 54,893 26 167 14 - 207 8.64
(Residential)
HT VIII(A): HT - Public Services-
421 Rs/kVA/mth 499 9.53 0.60 352 84,296 50 336 21 (4.11) 403 11.45
Government
HT VIII(B): HT - Public Services-Others 1,145 Rs/kVA/mth 499 10.40 0.60 887 2,27,236 136 922 47 (11.34) 1,094 12.33
HT - MSPGCL-Aux Supply 30 Rs/kVA/mth - - - 439 2,40,724 - - - - - -
HT IX: HT – Electric Vehicle Charging
14 Rs/kVA/mth 75 6.90 0.60 59 37,344 3 41 4 - 48 8.06
Station
Sub-Total HT Category 22,790 47,844 1,13,66,709 6,398 39,265 2,024 (891.05) 46,795 9.78

LT Category
LT I(A): LT - Residential-BPL Category
1,93,366 Rs/conn/mth 31 1.51 - 59 30,024 7 9 - - 16 2.72
(0-30 units)
LT I(B): LT - Residential - - - - - - 2,46,53,162 - - - - - -
0-100 1,38,29,046 Rs/conn/mth 116 4.41 1.17 16,965 - 1,925 7,484 1,989 - 11,398 6.72

MERC Order – Case No. 226 of 2022 Page 641 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue
Charges (Rs./unit)* (Rs/ Unit)$ Charge (Rs/kWh)

101-300 50,23,062 Rs/conn/mth 116 9.64 1.17 6,987 - 699 6,733 819 - 8,251 11.81
301-500 8,17,300 Rs/conn/mth 116 13.61 1.17 1,072 - 114 1,460 126 - 1,699 15.85
Above 500 2,96,470 Rs/conn/mth 116 15.57 1.17 1,171 - 41 1,823 137 - 2,001 17.10
Three Phase Connection - Rs/conn/mth 385 - - - - - - - - - -
LT I: LT - Residential (Sub-Total) 2,01,59,243 - - - - 26,255 2,46,83,186 2,786 17,509 3,071 - 23,366 8.90
LT II(A): LT - Non-Residential (0-20
19,08,815 Rs/Conn/mth 470 8.27 1.17 4,954 40,06,985 1,077 4,097 581 - 5,755 11.62
kW)
LT II(B): LT - Non-Residential (>20 kW
23,939 Rs/kVA/mth 470 12.63 1.17 907 3,51,239 198 1,145 106 2.15 1,452 16.01
and ≤ 50 kW)
LT II(C): LT - Non-Residential (Above
6,066 Rs/kVA/mth 470 14.93 1.17 872 2,81,880 159 1,302 102 3.69 1,566 17.97
50 kW)
LT II: LT - Non-Residential (Sub-
19,38,819 - - - - 6,732 46,40,103 1,434 6,544 789 5.85 8,773 13.03
Total)
LT III(A): LT - Public Water Works (0-
52,897 Rs/kVA/mth 117 3.54 1.17 672 1,10,272 15 238 79 - 332 4.94
20 kW)
LT III(B): LT - Public Water Works (>20
1,091 Rs/kVA/mth 142 5.49 1.17 106 31,619 5 58 12 - 76 7.17
kW-40 kW)
LT III (C): LT - Public Water Works
555 Rs/kVA/mth 176 7.28 1.17 149 39,954 8 108 17 - 134 9.02
(Above 40 kW)
LT III: LT - Public Water Works
54,542 - - - - 926 1,81,846 29 404 109 - 542 5.85
(Sub-Total)
LT IV(A): LT - AG Un-metered-
0 0 - - - - - - - - - -
Pumpsets (Category 1 Zones)

(a) 0 - 5 HP 555908 Rs/HP/mth 467 - 117.00 2,337 27,86,735 1,561 - 391 - 1,953
(b) > 5 HP - 7.5 HP 131244 Rs/HP/mth 504 - 117.00 335 6,57,917 398 - 92 - 490
(c) Above 7.5 HP 0 Rs/HP/mth 566 - 117.00 60 - - - - - -
LT IV(A): LT - AG Un-metered-
- - - - - - - - - - - -
Pumpsets (Category 2 Zones)
(a) 0 - 5 HP 5,84,163 Rs/HP/mth 361 - 117.00 5,205 29,28,372 1,267 - 411 - 1,678
(b) > 5 HP - 7.5 HP 1,98,401 Rs/HP/mth 395 - 117.00 744 9,94,572 471 - 140 - 611

MERC Order - Case No. 226 of 2022 Page 642 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue
Charges (Rs./unit)* (Rs/ Unit)$ Charge (Rs/kWh)

(c) Above 7.5 HP - Rs/HP/mth 457 - 117.00 36 - - - - - -

LT IV(A): LT - AG Un-metered-
Pumpsets (Sub-Total)
LT IV(B): LT -AG Metered-Pumpsets 27,82,070 Rs/HP/mth 47 3.00 1.17 18,429 1,54,15,399 869 5,533 2,160 - 8,563 4.65
LT IV(C): LT - AG Metered-Others 28,709 Rs/KW/mth 129 5.06 1.17 235 2,68,727 42 119 28 - 188 8.00
LT IV - LT - Agriculture (Sub-Total) 42,80,495 - - - - 27,382 2,30,51,722 4,608 5,652 3,222 - 13,482 4.92
LT V (A): LT - Industry - Powerlooms
(i): 0-20 kW 29,754 Rs/Conn/mth 530 5.83 1.17 412 1,33,735 19 240 48 - 307 7.46
(ii): Above 20 kW 4,670 Rs/kVA/mth 353 6.91 1.17 1,584 2,74,611 116 1,094 186 (34.37) 1,362 8.60
LT V (A): LT - Industry - Powerlooms
34,424 - - - - 1,996 4,08,346 135 1,334 234 (34.37) 1,669 8.36
Total
LT V(B): LT - Industry - General -
(i): 0-20 kW 2,59,589 Rs/Conn/mth 530 5.98 1.17 3,074 26,69,943 165 1,837 360 - 2,362 7.69
(ii): Above 20 kW 61,646 Rs/kVA/mth 353 7.08 1.17 4,734 22,75,444 964 3,353 555 (10.84) 4,861 10.27
LT V(B): LT - Industry - General
3,21,235 - - - - 7,808 49,45,387 1,129 5,190 915 (10.84) 7,224 9.25
Total
LT V: LT - Industry Total 3,55,659 - - - - 9,804 53,53,733 1,264 6,524 1,149 (45.21) 8,892 9.07
LT VI (A) Street Light-Gram Panchayat,
68,378 Rs/KW/mth 129 6.63 1.17 553 2,88,654 45 367 65 - 476 8.61
A,B&C Class MCs
LT VI (B) Street Light - Municipal
29,811 Rs/KW/mth 129 8.07 1.17 343 2,48,735 39 277 40 - 356 10.36
Corporation Areas
LT VI Street Light (Sub-Total) 98,188 - - - - 896 5,37,390 83 644 105 - 832 9.28
LT VII (A) Public Services-Government
(i) 0-20 kW 41,394 Rs/Conn/mth 388 4.13 1.17 58 62,452 19 24 7 - 50 8.64
(ii) 20 kW-50 kW 485 Rs/kVA/mth 388 5.94 1.17 13 6,968 3 8 1 (0.19) 12 9.53
(iii) Above 50 kW 200 Rs/kVA/mth 388 7.45 1.17 16 9,667 5 12 2 (0.15) 18 11.36

MERC Order - Case No. 226 of 2022 Page 643 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue
Charges (Rs./unit)* (Rs/ Unit)$ Charge (Rs/kWh)

LT VII (A) Public Services-

42,078 - - - - 86 79,087 27 43 10 (0.34) 80 9.27
Government (Sub-Total)
LT VII (B) Public Services-Others
(i) 0-20 kW 68,103 Rs/Conn/mth 422 5.94 1.17 345 2,49,126 34 205 40 - 280 8.11
(ii) 20 kW-50 kW 2,604 Rs/kVA/mth 422 9.40 1.17 130 51,637 26 122 15 (0.96) 163 12.51
(iii) Above 50 kW 1,275 Rs/kVA/mth 422 9.74 1.17 185 60,081 30 180 22 (1.18) 231 12.49
LT VII (B) Public Services-Others
71,981 - - - - 660 3,60,843 91 507 77 (2.15) 674 10.20
(Sub-Total)
LT VII Public Services 1,14,059 - - - - 747 4,39,930 118 551 88 (2.48) 754 10.10
LT VIII – Electric Vehicle Charging
330 Rs/kVA/mth 75 6.08 1.17 2 9,100 1 1 0 0.02 2 11.00
Station
Sub-Total LT Category 2,70,01,334 - - - - 72,745 5,88,97,009 10,324 37,829 8,533 (41.83) 56,643 7.79
Distribution Franchisees
Bhiwandi - - - 4.90 - 3,892 - - - - - 2,592 6.66
Thane - - - - - 770 - - - - - 529 6.86
Malegaon - - - - - 1,281 - - - - - 697 5.44
Stand By Charges - - - - - - - - 396 - - 396 -
LF/ Incentives/Discount - - - - - - - - (605) - - (605) -

MSEDCL Total Revenue 2,70,24,124 - - - - 1,26,533 7,02,63,718 16,721 76,884 10,557 (932.88) 1,07,047 8.46

MERC Order - Case No. 226 of 2022 Page 644 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

ANNEXURE – III:- REVENUE

Revenue from revised Tariffs effective from 1 April, 2024
Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue (Rs/kWh)
Charges (Rs./unit)* (Rs/ Unit)$ Charge

HT Category
HT I(A): HT - Industry (General) 14,780 Rs/kVA/mth 549 8.36 0.60 41,482 95,26,362 6,276 34,679 1,699 (851.20) 41,803 10.08
HT I(C): HT - Industry (Seasonal) 611 Rs/kVA/mth 549 8.68 0.60 195 77,550 51 169 12 (2.39) 229 11.77
HT I - Industry (Sub-Total) 15,391 41,677 96,03,912 6,327 34,848 1,711 (853.58) 42,032 10.09
HT II: HT - Commercial 3,214 Rs/kVA/mth 549 13.21 0.60 2,108 5,86,513 386 2,784 122 (8.26) 3,285 15.58
HT III: HT - Railways/Metro/Monorail
121 Rs/kVA/mth 549 7.53 0.60 130 42,373 28 98 6 - 132 10.11
Traction
HT IV: HT - Public Water Works (PWW) 1,061 Rs/kVA/mth 549 7.76 0.60 1,997 3,40,972 225 1,550 112 (38.24) 1,848 9.25
HT V(A): HT - Agriculture Pumpsets 969 Rs/kVA/mth 97 5.78 0.60 911 4,04,899 47 527 21 - 595 6.54
HT V(B)): HT - Agriculture Others 471 Rs/kVA/mth 97 7.99 0.60 292 85,385 10 233 17 - 260 8.93
HT VI: HT - Group Housing Societies
256 Rs/kVA/mth 438 7.16 0.60 243 55,444 29 174 14 - 217 8.96
(Residential)
HT VIII(A): HT - Public Services-
446 Rs/kVA/mth 549 10.03 0.60 369 88,512 58 370 22 (4.30) 446 12.09
Government
HT VIII(B): HT - Public Services-Others 1,182 Rs/kVA/mth 549 10.93 0.60 928 2,34,111 154 1,015 49 (11.86) 1,206 13.00
HT - MSPGCL-Aux Supply 34 Rs/kVA/mth - - - 482 2,40,724 - - - - - -
HT IX: HT – Electric Vehicle Charging
16 Rs/kVA/mth 80 7.40 0.60 65 41,089 4 48 4 - 56 8.60
Station
Sub-Total HT Category 23,160 49,201 1,17,23,932 7,269 41,646 2,079 (916.24) 50,077 10.18

LT Category
LT I(A): LT - Residential-BPL Category (0-
1,97,234 Rs/conn/mth 34 1.56 - 65 31,525 8 10 - - 18 2.80
30 units)
LT I(B): LT - Residential - - - - - - 2,56,47,633 - - - - - -
0-100 1,42,62,697 Rs/conn/mth 128 4.71 1.17 17,332 - 2,191 8,164 2,033 - 12,387 7.15
101-300 51,80,575 Rs/conn/mth 128 10.29 1.17 7,138 - 796 7,347 837 - 8,980 12.58

MERC Order - Case No. 226 of 2022 Page 645 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue (Rs/kWh)
Charges (Rs./unit)* (Rs/ Unit)$ Charge

301-500 8,42,929 Rs/conn/mth 128 14.55 1.17 1,095 - 129 1,593 128 - 1,851 16.90
Abive 500 3,05,767 Rs/conn/mth 128 16.64 1.17 1,196 - 47 1,990 140 - 2,177 18.21
Three Phase Connection - Rs/conn/mth 424 - - - - - - - - - -
LT I: LT - Residential (Sub-Total) 2,07,89,201 - - - - 26,826 2,56,79,158 3,171 19,104 3,139 - 25,414 9.47
LT II(A): LT - Non-Residential (0-20 kW) 19,58,161 Rs/kVA/mth 517 8.52 1.17 5,152 41,67,265 1,215 4,390 604 - 6,209 12.05
LT II(B): LT - Non-Residential (>20 kW
24,558 Rs/kVA/mth 517 13.01 1.17 943 3,65,289 227 1,227 111 2.24 1,566 16.61
and ≤ 50 kW)
LT II(C): LT - Non-Residential (Above 50
6,223 Rs/kVA/mth 517 15.38 1.17 907 2,93,156 182 1,394 106 3.84 1,686 18.60
kW)
LT II: LT - Non-Residential (Sub-Total) 19,88,941 - - - - 7,002 48,25,709 1,623 7,011 821 6.08 9,461 13.51
LT III(A): LT - Public Water Works (0-20
53,977 Rs/kVA/mth 129 4.09 1.17 699 1,15,254 18 286 82 - 385 5.52
kW)
LT III(B): LT - Public Water Works (>20
1,114 Rs/kVA/mth 156 6.33 1.17 110 33,048 6 70 13 - 89 8.06
kW-40 kW)
LT III (C): LT - Public Water Works
567 Rs/kVA/mth 194 8.40 1.17 155 41,760 10 130 18 - 158 10.20
(Above 40 kW)
LT III: LT - Public Water Works (Sub-
55,657 - - - - 963 1,90,062 34 485 113 - 632 6.56
Total)
LT IV(A): LT - AG Un-metered-Pumpsets
0 0 - - - - - - - - - -
(Category 1 Zones)

(a) 0 - 5 HP 555908 Rs/HP/mth 563 - 117.00 2,337 27,86,735 1,884 - 391 - 2,275
(b) > 5 HP - 7.5 HP 131244 Rs/HP/mth 607 - 117.00 335 6,57,917 479 - 92 - 572
(c) Above 7.5 HP 0 Rs/HP/mth 683 - 117.00 60 - - - - - -

LT IV(A): LT - AG Un-metered-Pumpsets
- - - - - - - - - - - -
(Category 2 Zones)

(a) 0 - 5 HP 5,84,163 Rs/HP/mth 435 - 117.00 5,205 29,28,372 1,529 - 411 - 1,940
(b) > 5 HP - 7.5 HP 1,98,401 Rs/HP/mth 476 - 117.00 744 9,94,572 568 - 140 - 707
(c) Above 7.5 HP - Rs/HP/mth 551 - 117.00 36 - - - - - -

MERC Order - Case No. 226 of 2022 Page 646 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue (Rs/kWh)
Charges (Rs./unit)* (Rs/ Unit)$ Charge

LT IV(A): LT - AG Un-metered-
Pumpsets (Sub-Total)
LT IV(B): LT -AG Metered-Pumpsets 28,42,723 Rs/HP/mth 52 3.39 1.17 18,798 1,57,23,708 981 6,366 2,205 - 9,552 5.08
LT IV(C): LT - AG Metered-Others 28,709 Rs/KW/mth 142 5.71 1.17 252 2,82,165 48 144 30 - 222 8.79
LT IV - LT - Agriculture (Sub-Total) 43,41,148 - - - - 27,768 2,33,73,468 5,489 6,510 3,269 - 15,268 5.50
LT V (A): LT - Industry - Powerlooms
(i): 0-20 kW 29,754 Rs/Conn/mth 583 6.01 1.17 418 1,33,735 21 251 49 - 321 7.68
(ii): Above 20 kW 4,670 Rs/kVA/mth 388 7.12 1.17 1,608 2,88,342 134 1,145 189 (34.90) 1,433 8.91
LT V (A): LT - Industry - Powerlooms
34,424 - - - - 2,026 4,22,077 155 1,396 238 (34.90) 1,754 8.65
Total
LT V(B): LT - Industry - General -
(i): 0-20 kW 2,76,458 Rs/Conn/mth 583 6.16 1.17 3,120 27,76,741 193 1,922 366 - 2,481 7.95
(ii): Above 20 kW 65,652 Rs/kVA/mth 388 7.30 1.17 4,806 23,66,463 1,102 3,508 564 (11.00) 5,163 10.74
LT V(B): LT - Industry - General Total 3,42,110 - - - - 7,926 51,43,204 1,295 5,431 930 (11.00) 7,644 9.64
LT V: LT - Industry Total 3,76,534 - - - - 9,953 55,65,281 1,450 6,826 1,167 (45.90) 9,398 9.44
LT VI (A) Street Light-Gram Panchayat,
69,807 Rs/KW/mth 142 6.83 1.17 553 3,08,824 53 378 65 - 495 8.95
A,B&C Class MCs
LT VI (B) Street Light - Municipal
30,434 Rs/KW/mth 142 8.31 1.17 343 2,66,116 45 285 40 - 371 10.80
Corporation Areas
LT VI Street Light (Sub-Total) 1,00,241 - - - - 896 5,74,940 98 663 105 - 866 9.66
LT VII (A) Public Services-Government
(i) 0-20 kW 44,892 Rs/kVA/mth 427 4.29 1.17 60 66,200 23 26 7 - 56 9.30
(ii) 20 kW-50 kW 527 Rs/kVA/mth 427 6.18 1.17 13 7,387 4 8 2 (0.20) 13 10.09
(iii) Above 50 kW 217 Rs/kVA/mth 427 7.75 1.17 17 10,248 5 13 2 (0.15) 20 12.01
LT VII (A) Public Services-Government
45,636 - - - - 90 83,834 32 47 11 (0.35) 89 9.92
(Sub-Total)
LT VII (B) Public Services-Others

MERC Order - Case No. 226 of 2022 Page 647 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Demand/ Fixed Charges Variable Charges Full year revenue (Rs. Crore)
Average
Sales in Contract
No. of Demand/ Energy Wheeling Fixed / Billing
Category MU/ Demand in Energy Wheeling ToD Net
consumers Units Fixed Charges Charge Demand Rate
MVAh # KVA/MVA Charge Charge Charges Revenue (Rs/kWh)
Charges (Rs./unit)* (Rs/ Unit)$ Charge

(i) 0-20 kW 74,269 Rs/kVA/mth 464 6.18 1.17 359 2,64,074 41 222 42 - 305 8.51
(ii) 20 kW-50 kW 2,840 Rs/kVA/mth 464 9.78 1.17 135 54,736 30 132 16 (1.00) 177 13.13
(iii) Above 50 kW 1,391 Rs/kVA/mth 464 10.13 1.17 192 63,686 35 195 23 (1.23) 252 13.08
LT VII (B) Public Services-Others (Sub-
78,499 - - - - 686 3,82,495 107 548 80 (2.23) 734 10.70
Total)
LT VII Public Services 1,24,135 - - - - 776 4,66,329 139 595 91 (2.58) 823 10.61
LT VIII – Electric Vehicle Charging
363 - 80 6.58 1.17 2 10,010 1 2 0 0.03 3 11.75
Station
Sub-Total LT Category 2,77,76,219 - - - - 74,187 6,06,84,955 12,006 41,197 8,706 (42.37) 61,866 8.34
Distribution Franchisees
Bhiwandi - - - - - 3,923 - - - - - 2,639 6.73
Thane - - - - - 773 - - - - - 545 7.05
Malegaon - - - - - 1,316 - - - - - 733 5.57
Stand By Charges - - - - - - - - 396 - - 396 -
LF/ Incentives/Discount - - - - - - - - (636) - - (636) -

MSEDCL Total Revenue 2,77,99,378 - - - - 1,29,399 7,24,08,887 19,275 82,603 10,784 (958.61) 1,15,620 8.94

Note:
* Energy Charge ‘Unit’ refers Rs/kVAh for all HT Categories and Rs/kWh for all LT Categories
$ Wheeling charges ‘Unit’ refers Rs/kVAh for all HT Categories and Rs./kWh for all LT Categories except, LT AG – Un-Metered, where Wheeling Charges is in Rs/HP/mth
# Sales in Mn kVAh for all HT Categories and MU for all LT Consumer Categories
Tariff category along with numbering in this Form is kept in line with that approved in MTR Order, which may not be case wherever it is not explicitly mentioned.

MERC Order - Case No. 226 of 2022 Page 648 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

ANNEXURE IV – Monthly Approved Stack approved for FY 2023-24 and FY 2024-25

Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24
VC Per
Generator Name unit VC VC VC VC VC VC VC VC VC VC VC VC
Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy
(Rs./kWh) Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU)
Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.)
Must Run Stations
KAPP 2.37 80 19 83 20 80 19 83 20 83 20 80 19 83 20 80 19 83 20 83 20 78 18 83 20
TAPP 1&2 2.66 47 12 49 13 47 12 49 13 49 13 47 12 49 13 47 12 49 13 49 13 45 12 49 13
TAPP 3&4 3.57 231 82 239 85 231 82 239 85 239 85 231 82 239 85 231 82 239 85 239 85 223 80 239 85
SSP 2.05 99 20 103 21 99 20 103 21 103 21 99 20 103 21 99 20 103 21 103 21 96 20 103 21
Pench 2.05 11 2 12 2 11 2 12 2 12 2 11 2 12 2 11 2 12 2 12 2 11 2 12 2
Dodson I 1.68 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1
Dodson II - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 -
Subhansari Hydro 4.50 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29
Renewable - Non-Solar 5.03 922 464 1,100 554 1,454 732 2,313 1,164 1,603 807 1,011 509 421 212 884 445 1,599 805 1,245 627 1,628 820 1,904 959
Renewable - Solar 3.44 1,188 409 1,293 445 1,134 390 1,049 361 1,102 379 988 340 1,077 371 1,249 430 1,186 408 1,201 414 1,382 476 1,835 632
Hydro (including Ghatghar) - 500 - 630 - 278 - 241 - 245 - 415 - 525 - 183 - 133 - 207 - 301 - 630 -
Stations under MOD
KSTPS VII 1.45 72 10 75 11 72 10 75 11 75 11 72 10 75 11 72 10 75 11 75 11 70 10 75 11
VSTP II 1.54 198 30 204 31 198 30 204 31 204 31 198 30 204 31 198 30 204 31 204 31 191 29 204 31
VSTP IV 1.56 175 27 181 28 175 27 181 28 181 28 175 27 181 28 175 27 181 28 181 28 170 26 181 28
VSTP III 1.59 163 26 168 27 163 26 168 27 168 27 163 26 168 27 163 26 168 27 168 27 157 25 168 27
KSTPS 1.60 369 59 381 61 369 59 381 61 381 61 369 59 381 61 369 59 381 61 381 61 356 57 381 61
VSTP V 1.62 95 15 98 16 95 15 98 16 98 16 95 15 98 16 95 15 98 16 98 16 91 15 98 16
VSTP I 1.64 247 40 255 42 247 40 255 42 255 42 247 40 255 42 247 40 255 42 255 42 239 39 255 42
SIPAT TPS 1 2.17 333 72 344 75 333 72 344 75 344 75 333 72 344 75 333 72 344 75 344 75 322 70 344 75
SIPAT TPS 2 2.42 162 39 167 41 162 39 167 41 167 41 162 39 167 41 162 39 167 41 167 41 156 38 167 41
Lara Chattisgarh - Stg. I - I & II 2.69 161 43 167 45 161 43 167 45 167 45 161 43 167 45 161 43 167 45 167 45 156 42 167 45

GMR Warora/ 2.71 113 30 116 31 113 30 116 31 116 31 113 30 116 31 113 30 116 31 116 31 109 29 116 31
EMCO
Koradi 8 to 10 3.08 961 296 993 306 961 296 993 306 993 306 961 296 993 306 961 296 993 306 993 306 929 286 993 306
Rattanindia Amravati 3.18 676 215 698 222 676 215 698 222 698 222 676 215 698 222 676 215 698 222 698 222 653 208 698 222
Sai Wardha 3.25 127 41 131 43 127 41 131 43 131 43 127 41 131 43 127 41 131 43 131 43 123 40 131 43
KORADI - 6 3.32 97 32 100 33 97 32 100 33 100 33 97 32 100 33 97 32 100 33 100 33 94 31 100 33
Chandrapur 8 & 9 3.44 575 198 594 205 575 198 594 205 594 205 575 198 594 205 575 198 594 205 594 205 556 192 594 205
Paras - 3 & 4 3.48 273 95 282 98 273 95 282 98 282 98 273 95 282 98 273 95 282 98 282 98 264 92 282 98
BHUSAWAL 4 & 5 3.71 575 213 594 221 575 213 594 221 594 221 575 213 594 221 575 213 594 221 594 221 556 206 594 221
KhSTPS II 3.60 85 31 88 32 85 31 88 32 88 32 85 31 88 32 85 31 88 32 88 32 82 30 88 32
Adani power 1320 MW 3.78 755 286 781 295 755 286 781 295 781 295 755 286 781 295 755 286 781 295 781 295 730 276 781 295

MERC Order - Case No. 226 of 2022 Page 649 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24
VC Per
Generator Name unit VC VC VC VC VC VC VC VC VC VC VC VC
Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy
(Rs./kWh) Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU)
Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.)
KHAPARKHEDA 5 4.01 288 115 297 119 288 115 297 119 297 119 288 115 297 119 288 115 297 119 297 119 278 111 297 119
CHANDRAPUR - 3 to 7 4.10 866 355 895 367 866 355 895 367 895 367 866 355 895 367 866 355 895 367 895 367 837 343 895 367
KHAPARKHEDA -1 to 4 4.20 408 171 421 177 408 171 204 86 421 177 408 171 421 177 408 171 421 177 421 177 394 165 421 177
BHUSAWAL - 3 4.41 107 47 111 49 107 47 - - 111 49 107 47 111 49 107 47 111 49 111 49 104 46 111 49
Gadarwara - I & II 4.37 60 26 62 27 60 26 - - 62 27 60 26 62 27 60 26 62 27 62 27 58 25 62 27
NASHIK- 3 to 5 4.65 324 151 335 156 324 151 - - 274 127 324 151 335 156 324 151 335 156 335 156 256 119 335 156
MSTPS-I 4.63 233 108 43 20 219 102 - - - - 233 108 240 111 233 108 11 5 240 111 - - 240 111
Adani power 125 MW 4.81 72 34 - - - - - - - - 72 34 74 36 72 34 - - 74 36 - - 72 35
Mundra UMPP 4.65 424 197 - - - - - - - - 339 158 438 204 158 73 - - 159 74 - - - -
Adani power 1200 MW 4.85 417 202 - - - - - - - - - - 668 324 - - - - - - - - - -
Adani power 440 MW 4.85 - - - - - - - - - - - - 16 8 - - - - - - - - - -
MSTPS-II 4.80 - - - - - - - - - - - - - - - - - - - - - - - -
Parli replacement U 8 5.02 - - - - - - - - - - - - - - - - - - - - - - - -
PARLI UNIT-6 & 7 5.10 - - - - - - - - - - - - - - - - - - - - - - - -
IPP - JSW 5.16 - - - - - - - - - - - - - - - - - - - - - - - -
Khargone - I & II 5.04 - - - - - - - - - - - - - - - - - - - - - - - -
Solapur - I & II 5.14 - - - - - - - - - - - - - - - - - - - - - - - -
GTPS URAN 6.76 - - - - - - - - - - - - - - - - - - - - - - - -
GANDHAR 14.84 - - - - - - - - - - - - - - - - - - - - - - - -
KAWAS 18.57 - - - - - - - - - - - - - - - - - - - - - - - -

The above table depicts projection of month-wise MoD stack based on approved variable charge for FY 2023-24. However, actual operation of MoD stack shall be governed as per, MERC DSM Regulations, 2019, and
the State Grid Code and amendments thereof. Accordingly the actual MoD stack shall vary based on the energy charge inclusive of FAC, if any, of various generating stations.

MERC Order - Case No. 226 of 2022 Page 650 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25
VC Per
Generator Name unit VC VC VC VC VC VC VC VC VC VC VC VC
Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy
(Rs./kWh) Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU)
Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.)
Must Run Stations
KAPP 2.49 80 20 83 21 80 20 83 21 83 21 80 20 83 21 80 20 83 21 83 21 78 19 83 21
TAPP 1&2 2.79 94 26 97 27 94 26 97 27 97 27 94 26 97 27 94 26 97 27 97 27 91 25 97 27
TAPP 3&4 3.74 231 86 239 89 231 86 239 89 239 89 231 86 239 89 231 86 239 89 239 89 223 84 239 89
SSP 2.05 99 20 103 21 99 20 103 21 103 21 99 20 103 21 99 20 103 21 103 21 96 20 103 21
Pench 2.05 11 2 12 2 11 2 12 2 12 2 11 2 12 2 11 2 12 2 12 2 11 2 12 2
Dodson I 1.68 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1 4 1
Dodson II - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 - 5 -
Subhansari Hydro 4.50 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29 65 29
Renewable - Non-Solar 4.96 912 452 1,089 540 1,420 704 2,269 1,126 1,581 784 1,000 496 406 201 939 466 1,680 833 1,303 646 1,655 821 2,031 1,007
Renewable - Solar 3.38 1,547 523 1,683 569 1,476 499 1,366 462 1,434 485 1,287 435 1,402 474 1,625 550 1,544 522 1,564 529 1,799 608 2,389 808
Hydro (including Ghatghar) - 500 - 630 - 278 - 241 - 245 - 415 - 525 - 183 - 133 - 207 - 301 - 630 -
Stations under MOD
KSTPS VII 1.48 72 11 75 11 72 11 75 11 75 11 72 11 75 11 72 11 75 11 75 11 70 10 75 11
VSTP II 1.58 198 31 204 32 198 31 204 32 204 32 198 31 204 32 198 31 204 32 204 32 191 30 204 32
VSTP IV 1.59 175 28 181 29 175 28 181 29 181 29 175 28 181 29 175 28 181 29 181 29 170 27 181 29
VSTP III 1.62 163 26 168 27 163 26 168 27 168 27 163 26 168 27 163 26 168 27 168 27 157 26 168 27
KSTPS 1.64 369 60 381 62 369 60 381 62 381 62 369 60 381 62 369 60 381 62 381 62 356 58 381 62
VSTP V 1.66 95 16 98 16 95 16 98 16 98 16 95 16 98 16 95 16 98 16 98 16 91 15 98 16
VSTP I 1.67 247 41 255 43 247 41 255 43 255 43 247 41 255 43 247 41 255 43 255 43 239 40 255 43
SIPAT TPS 1 2.27 333 76 344 78 333 76 344 78 344 78 333 76 344 78 333 76 344 78 344 78 322 73 344 78
SIPAT TPS 2 2.55 162 41 167 43 162 41 167 43 167 43 162 41 167 43 162 41 167 43 167 43 156 40 167 43
GMR Warora/ EMCO 2.77 113 31 116 32 113 31 116 32 116 32 113 31 116 32 113 31 116 32 116 32 109 30 116 32
Lara Chattisgarh - Stg. I - I &
2.80 161 45 167 47 161 45 167 47 167 47 161 45 167 47 161 45 167 47 167 47 156 44 167 47
II
Koradi 8 to 10 3.12 961 300 993 310 961 300 993 310 993 310 961 300 993 310 961 300 993 310 993 310 929 290 993 310
Rattanindia Amravati 3.26 676 221 698 228 676 221 698 228 698 228 676 221 698 228 676 221 698 228 698 228 653 213 698 228
Sai Wardha 3.33 127 42 131 44 127 42 131 44 131 44 127 42 131 44 127 42 131 44 131 44 123 41 131 44
KORADI - 6 3.37 97 33 100 34 97 33 100 34 100 34 97 33 100 34 97 33 100 34 100 34 94 32 100 34
Chandrapur 8 & 9 3.44 575 198 594 205 575 198 594 205 594 205 575 198 594 205 575 198 594 205 594 205 556 191 594 205
Paras - 3 & 4 3.51 273 96 282 99 273 96 282 99 282 99 273 96 282 99 273 96 282 99 282 99 264 93 282 99
BHUSAWAL 4 & 5 3.75 575 216 594 223 575 216 594 223 594 223 575 216 594 223 575 216 594 223 594 223 556 208 594 223
KhSTPS II 3.62 85 31 88 32 85 31 88 32 88 32 85 31 88 32 85 31 88 32 88 32 82 30 88 32
Adani power 1320 MW 3.88 755 293 781 303 755 293 781 303 781 303 755 293 781 303 755 293 781 303 781 303 730 283 781 303
KHAPARKHEDA 5 4.02 288 116 297 119 288 116 297 119 297 119 288 116 297 119 288 116 297 119 297 119 278 112 297 119
CHANDRAPUR - 3 to 7 4.10 866 355 895 367 866 355 895 367 895 367 866 355 895 367 866 355 895 367 895 367 837 343 895 367
KHAPARKHEDA -1 to 4 4.22 408 172 421 178 408 172 32 13 421 178 408 172 421 178 408 172 421 178 421 178 394 166 421 178

MERC Order - Case No. 226 of 2022 Page 651 of 652

 Approval of Final Truing-up for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up for FY 2022-23 and Revised Projections & Tariff for FY 2023-24 to FY
2024-25 for MSEDCL

Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25
VC Per
Generator Name unit VC VC VC VC VC VC VC VC VC VC VC VC
Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy Energy
(Rs./kWh) Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU) (MU)
Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.) Cr.)
BHUSAWAL - 3 4.46 107 48 111 49 107 48 - - 111 49 107 48 111 49 107 48 111 49 111 49 68 31 111 49
NASHIK- 3 to 5 4.64 324 150 150 70 324 150 - - 130 60 324 150 335 155 324 150 72 34 335 155 - - 140 65
Gadarwara - I & II 4.54 60 27 - - 59 27 - - - - 60 27 62 28 60 27 - - 62 28 - - - -
Adani power 125 MW 4.93 72 35 - - - - - - - - 72 35 74 36 72 35 - - 74 36 - - - -
Mundra UMPP 4.77 424 202 - - - - - - - - 385 183 438 209 46 22 - - 68 33 - - - -
Adani power 1200 MW 4.97 395 196 - - - - - - - - - - 668 332 - - - - - - - - - -
Adani power 440 MW 4.98 - - - - - - - - - - - - 53 26 - - - - - - - - - -
Parli replacement U 8 5.05 - - - - - - - - - - - - - - - - - - - - - - - -
MSTPS-I 4.88 - - - - - - - - - - - - - - - - - - - - - - - -
PARLI UNIT-6 & 7 5.10 - - - - - - - - - - - - - - - - - - - - - - - -
Khargone - I & II 5.04 - - - - - - - - - - - - - - - - - - - - - - - -
IPP - JSW 5.29 - - - - - - - - - - - - - - - - - - - - - - - -
MSTPS-II 5.13 - - - - - - - - - - - - - - - - - - - - - - - -
Solapur - I & II 5.14 - - - - - - - - - - - - - - - - - - - - - - - -
GTPS URAN 6.76 - - - - - - - - - - - - - - - - - - - - - - - -
GANDHAR 14.84 - - - - - - - - - - - - - - - - - - - - - - - -
KAWAS 18.57 - - - - - - - - - - - - - - - - - - - - - - - -

The above table depicts projection of month-wise MoD stack based on approved variable charge for FY 2024-25. However, actual operation of MoD stack shall be governed as per, MERC DSM Regulations, 2019, and
the State Grid Code and amendments thereof. Accordingly the actual MoD stack shall vary based on the energy charge inclusive of FAC, if any, of various generating stations.

MERC Order - Case No. 226 of 2022 Page 652 of 652